Penneo realises 50% ARR growth rate in 2021
Company Announcement No. 5-2022Copenhagen, 21 February 2022Financial report for the period 1 January 2021 - 31 December 2021*Sections regarding EBITDA guidance and Capital raise contain inside information* Key features 2021 · ARR increased by 18.5M DKK to 55.5M DKK corresponding to 50% growth end of 2021 · Net ARR retention rate amounted to 124% · ARR churn rate amounted to 2% · ARR uplift amounted to 26% · ARR from new customers increased by 46% end of 2021 compared to 2020 · Average Revenue Per Account (ARPA) increased by 21% end of 2021 compared to 2020 ·